LOUISIANA LIFE INSURANCE
ACTUAL EXAM 2026 ALL QUESTIONS
AND VERIFIED ANSWERS | RATED A +
| NEW AND REVISED
Which type of beneficiary cannot be changed without consent? - answer-
the beneficiary is irrevocable
As a form of level premium permanent insurance, ordinary life insurance
accumulates a reserve that eventually - answer- equals the face amount
of the policy
A qualified life insurance plan is one that - answer- is entitled to receive
tax benefits
An applicant for an insurance policy is presumed to have an insurable
interest in his - answer- spouse
A type of annuity that provides a guaranteed accumulation or payout is
called - answer- annuity certain
An insurer would consider which of the following in determining
whether to accept a group life plan? - answer- average age
,Bettie has a $200,000 whole life policy with a $50,000 cash value. She
wishes to borrow $30,000 for the purchase of a new van. Which of the
following is true in this situation? - answer- if the loan is not repaid, the
net death benefit will be reduced
The settlement option that allows proceeds to remain with the insurer
and the earnings to be paid to the beneficiary on a monthly basis is
called - answer- interest only
Joe has a $200,000 30-year mortgage on his new home. Which type of
insurance could joe purchase that is designed to pay off the mortgage
balance if insured dies during the 30-year pay-off period? - answer-
decreasing term insurance
If a retirement plan is established for the benefit of the employees and
has a vesting requirement, the plan may be classified as - answer-
qualified
A modified endowment contract (mec) receives different tax treatment
on pre-death distributions than other life insurance policies because the
modified endowment policy - answer- tends to be an investment vehicle
Which of the following policies has a guaranteed interest rate with the
possibility to earn an interest rate higher than the guaranteed rate? -
answer- universal life
, A married couple would like to buy an affordable life insurance policy
that offers protection for their child after they die. Which policy defers
estate taxes long as possible? - answer- family protection policy
An insured added a cost of living rider to his life insurance policy to
ensure his death benefit increases in accordance with - answer- the
inflation index
An insured owns a whole life insurance policy on himself. He would
also like coverage for his son. One way the insured can accomplish this
goal is to purchase a - answer- child term rider
Which annuity benefit payment option is characterized as providing
lifetime income to the annuitant, ceasing all payments upon death of the
annuitant, and paying the largest monthly income of all options? -
answer- pure life income
Which life insurance policy is used to protect a business from the
financial consequences of the death of their executive director? -
answer- key person insurance
Which is not a source of underwriting information? - answer- a marriage
and divorce record
A reason for using consumer reporting agencies to gather information
about insurance applicants is to obtain - answer- information about the
applicant by a disinterested source not related to the insurer
ACTUAL EXAM 2026 ALL QUESTIONS
AND VERIFIED ANSWERS | RATED A +
| NEW AND REVISED
Which type of beneficiary cannot be changed without consent? - answer-
the beneficiary is irrevocable
As a form of level premium permanent insurance, ordinary life insurance
accumulates a reserve that eventually - answer- equals the face amount
of the policy
A qualified life insurance plan is one that - answer- is entitled to receive
tax benefits
An applicant for an insurance policy is presumed to have an insurable
interest in his - answer- spouse
A type of annuity that provides a guaranteed accumulation or payout is
called - answer- annuity certain
An insurer would consider which of the following in determining
whether to accept a group life plan? - answer- average age
,Bettie has a $200,000 whole life policy with a $50,000 cash value. She
wishes to borrow $30,000 for the purchase of a new van. Which of the
following is true in this situation? - answer- if the loan is not repaid, the
net death benefit will be reduced
The settlement option that allows proceeds to remain with the insurer
and the earnings to be paid to the beneficiary on a monthly basis is
called - answer- interest only
Joe has a $200,000 30-year mortgage on his new home. Which type of
insurance could joe purchase that is designed to pay off the mortgage
balance if insured dies during the 30-year pay-off period? - answer-
decreasing term insurance
If a retirement plan is established for the benefit of the employees and
has a vesting requirement, the plan may be classified as - answer-
qualified
A modified endowment contract (mec) receives different tax treatment
on pre-death distributions than other life insurance policies because the
modified endowment policy - answer- tends to be an investment vehicle
Which of the following policies has a guaranteed interest rate with the
possibility to earn an interest rate higher than the guaranteed rate? -
answer- universal life
, A married couple would like to buy an affordable life insurance policy
that offers protection for their child after they die. Which policy defers
estate taxes long as possible? - answer- family protection policy
An insured added a cost of living rider to his life insurance policy to
ensure his death benefit increases in accordance with - answer- the
inflation index
An insured owns a whole life insurance policy on himself. He would
also like coverage for his son. One way the insured can accomplish this
goal is to purchase a - answer- child term rider
Which annuity benefit payment option is characterized as providing
lifetime income to the annuitant, ceasing all payments upon death of the
annuitant, and paying the largest monthly income of all options? -
answer- pure life income
Which life insurance policy is used to protect a business from the
financial consequences of the death of their executive director? -
answer- key person insurance
Which is not a source of underwriting information? - answer- a marriage
and divorce record
A reason for using consumer reporting agencies to gather information
about insurance applicants is to obtain - answer- information about the
applicant by a disinterested source not related to the insurer
